Bristol-Myers Squibb Wallingford property purchased by private Massachusetts firm

Entrance to the Bristol-Myers Squibb Wallingford campus. (WTNH / Stephanie Simoni)

WALLINGFORD, Conn. (WTNH) — A private Massachusetts-based firm announced Wednesday that it purchased the Bristol-Myers Squibb property in Wallingford.

Calare Properties announced on their website Wednesday Feb. 14th that they acquired the 915,0000 square foot office and lab complex at 5 Research Parkway in Wallingford. The office and lab complex is home to Bristol-Myers Squibb, a bio-pharmaceutical company.

Related content: New Zoning Regulations Potentially Causing Turmoil for Bristol-Myers Squibb

The real estate operator said it “sees exciting potential for both office and pharmaceutical/biotech tenants.” The company also noted in their release about the possibility of many new development opportunities, including industrial.

“5 Research Parkway provides an unparalleled opportunity for companies in the pharmaceutical, biotech, manufacturing, healthcare and service industries seeking a facility in the Southern Connecticut region,” said Bill Manley CEO of Calare Properties. “The extensive acreage and unique physical layout of the campus can accommodate a multitude of uses in addition to potential re-development to meet the needs of future tenants.”

Related content: Drug maker to leave Connecticut, cut hundreds of jobs

On Jan. 8th of this year, the company also acquired a warehouse distribution facility at 33 Stiles Lane in North Haven.

At this time the company has not released how much they purchased the property for.

Bristol-Myers Squibb officials have not released a statement on this purchase.

WTNH NEWS8 provides commenting to allow for constructive discussion on the stories we cover. In order to comment here, you acknowledge you have read and agreed to our Terms of Service. Commenters who violate these terms, including use of vulgar language or racial slurs, will be banned. Please be respectful of the opinions of others. If you see an inappropriate comment, please flag it for our moderators to review. Also, you can now block any inappropriate user by simple selecting the drop down menu on the right of any comment and selection "Block User" from there.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s